Clearbridge LLC boosted its holdings in Textainer Group Holdings Limited (NYSE:TGH) by 9.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 654,529 shares of the transportation company’s stock after acquiring an additional 58,640 shares during the period. Clearbridge LLC owned 1.15% of Textainer Group worth $14,072,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in TGH. Voya Investment Management LLC acquired a new stake in shares of Textainer Group in the second quarter valued at $170,000. SG Americas Securities LLC purchased a new position in Textainer Group in the fourth quarter valued at $186,000. Dynamic Technology Lab Private Ltd purchased a new position in Textainer Group in the third quarter valued at $190,000. Atria Investments LLC purchased a new position in Textainer Group in the fourth quarter valued at $200,000. Finally, Cubist Systematic Strategies LLC increased its holdings in Textainer Group by 240.5% in the third quarter. Cubist Systematic Strategies LLC now owns 12,925 shares of the transportation company’s stock valued at $222,000 after buying an additional 9,129 shares during the last quarter. Hedge funds and other institutional investors own 26.96% of the company’s stock.
Shares of Textainer Group Holdings Limited (TGH) traded up $0.15 during trading hours on Friday, reaching $19.45. 242,270 shares of the company were exchanged, compared to its average volume of 408,391. Textainer Group Holdings Limited has a 1 year low of $9.60 and a 1 year high of $26.50. The company has a debt-to-equity ratio of 2.28, a quick ratio of 0.85 and a current ratio of 0.85. The firm has a market capitalization of $1,101.98, a P/E ratio of 57.21 and a beta of 2.55.
Textainer Group (NYSE:TGH) last posted its quarterly earnings results on Thursday, February 15th. The transportation company reported $0.26 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.19 by $0.07. Textainer Group had a net margin of 3.95% and a return on equity of 1.95%. The company had revenue of $129.30 million during the quarter, compared to the consensus estimate of $127.91 million. During the same period last year, the firm earned ($0.24) EPS. The company’s revenue for the quarter was up 7.6% on a year-over-year basis. analysts predict that Textainer Group Holdings Limited will post 1.4 earnings per share for the current fiscal year.
Several equities analysts recently commented on TGH shares. Zacks Investment Research raised Textainer Group from a “hold” rating to a “strong-buy” rating and set a $27.00 target price on the stock in a report on Saturday, January 20th. TheStreet lowered Textainer Group from a “c-” rating to a “d+” rating in a report on Tuesday, February 20th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and set a $22.00 target price on shares of Textainer Group in a research note on Sunday, November 19th. Three analysts have rated the stock with a hold rating, two have assigned a buy rating and two have given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $24.20.
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About Textainer Group
Textainer Group Holdings Limited is a holding company. The Company is involved in the purchase, ownership, management, leasing and disposal of a fleet of intermodal containers. The Company operates in three segments: Container Ownership, which owns containers; Container Management, which manages containers on behalf of affiliated and unaffiliated container investors, and provides acquisition, management and disposal services, and total managed containers, and Container Resale, which sells containers from its fleet when they reach the end of their useful lives in marine service, and also purchases and leases or resells containers from shipping line customers, container traders and other sellers of containers.
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